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    Solution of Abnormal Very Abnormal

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    areejamjad13

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    Solution of Abnormal Very Abnormal

    Uploaded by

    areejamjad13
    3 views2 pages

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    Solution of Abnormal very abnormal

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    3 views2 pages

    Solution of Abnormal Very Abnormal

    Uploaded by

    areejamjad13

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Solution of normal and abnormal

    Solution Normal Abnormal:

    Net Assets of Abnormal:


    At acq At Rep Change
    Share capital 6,000,000 6,000,000
    Retained Earnings 1,500,000 8,104,000
    Fv adjustments:
    Building 500,000 425,000
    Machinery 400,000 280,000
    Dep + Interest of lease - (185,000)
    URP - Stock -
    8,400,000
    (40,000)
    14,584,000 6,184,000
    C A
    Goodwill:
    , A
    ar
    Consideration
    - Old (90,000 x 20 ) 1,800,000
    - New (360,000 x 20 ) 7,200,000
    9,000,000
    u m
    Fair value of NCI
    600,000 - 450,000 x 20 3,000,000

    h K
    Fair value of business
    Net Assets 100%
    Goodwill s
    12,000,000

    e
    (8,400,000)

    k
    3,600,000

    NCI:
    Fair value
    M u 3,000,000
    Post Acq

    a s h 1,546,000
    4,546,000

    A k
    Group reserves:
    Retained earnings
    Reval of investment
    14,680,000
    1,300,000 ( 90,000 x 20 - 500,000 )
    Post Acq 4,638,000
    PPE - URP (142,500) (150,000 / 10 x 9.5 )
    Associate - PAF 450,000 ( 1,200,000 x 37.5% )
    URP - Invest in associate (16,875) ( 500,000 / 125 x 25 x 45% x 37.5%)
    20,908,625

    By Akash Mukesh Kumar, ACA


    Solution of normal and abnormal

    Balance sheet:

    Property, plant and equipment 18,037,500


    Investment in associate 4,033,125
    3600000 + PAF - URP inventory
    Intangibles 7,200,000
    29,270,625

    Inventory 10,760,000
    Trade receivable 8,640,000
    Cash and bank 6,775,812 Excluding payment of rental
    26,175,812
    C A
    Total Assets 55,446,437
    , A
    Share capital
    Group reserves
    5,000,000
    20,908,625
    m ar
    NCI 4,546,000

    K
    30,454,625 u
    Lease liability
    Bank loan
    e s h 523,812
    6,000,000
    Trade payable
    Other liabilities
    u k 9,720,000
    8,748,000
    24,991,812

    h
    Total equity and liability M 55,446,437

    a s
    A k
    Lease Adjustment:
    ROUA 600,000
    Lease liability 600,000

    Dep 125,000
    ROUA 125,000

    Int exp 60,000


    Lease liab 76,188
    Cash 136,188

    By Akash Mukesh Kumar, ACA

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